Diamond Articles

Where to Sell an Engagement Ring

October 5, 2018 - Diamond Articles
IMAGE
If you have grown tired of your ring and are ready for an upgrade or wish to part with the memories of a former relationship, you may be wondering where to sell an engagement ring. Click here to find out how is entitled to keep the ring in your state. While there are lots of places where you can sell an engagement ring, how can you find the best place to sell diamond jewelry? Should you sell in person or online? Keep reading as we guide you through the best options for selling an engagement ring both in-person and online.

 

Where to sell an engagement ring in-person

One option is to meet potential buyers in-person. Selling your engagement ring in-person is the perfect method for those who never want the ring out of their sight. Below are the most popular options for selling your engagement ring in-person:

Where to Sell an Engagement Ring for the Best Price

Pawnshops: Pawnshops are a local option that may quickly pay you on the spot and in cash. While this sounds like a tempting offer, it’s important to understand that not all pawnshops have the necessary diamond knowledge to accurately price your ring. Due to this, pawnshops may provide you with a cautiously low offer.

Auction Houses: Auction Houses have gemologists on staff who can assess the value of your engagement ring. The downside is that the process can be very lengthy. In order to sell your engagement ring with an auction house, you must be willing to wait an indefinite amount of time. First an auction must be held, then your engagement ring must be successfully bid on during the auction, if not, you’ll need to wait for another auction which could be in several months. Not only is this a long process, but there is no guarantee that your ring will sell. However, if your engagement ring is bought then the auction house will take a percentage of your earnings.

WP Diamonds: At WP Diamonds we are specialized engagement ring buyers with a professional service that’s fast, secure and always provides the best prices. Our team of GIA trained gemologists possess the necessary skills and in-depth understanding of the second-hand market to accurately assess your engagement ring’s value. You can feel confident working with us because of our international presence, A+ rating with the BBB and hundreds of positive customer reviews.

We provide in-person appointments in New York, throughout the UK and in Hong Kong every Monday through Friday from 9am to 5pm in our comfortable and secure offices. Appointments are typically 30 minutes long, where your ring will be thoroughly evaluated by one of our expert gemologists and priced. During this entire process, the engagement ring never leaves your sight. When you receive your offer, you can accept payment by cash, wire or check. There is never any obligation to sell and appointments are always free.

Click the button below to schedule your in-person appointment at one of our offices today.

GET YOUR QUOTE

Where to sell an engagement ring online

The second option for where to sell an engagement ring is by working with online engagement ring buyers. When you sell your engagement ring online you have the convenience of completing the entire selling process around your schedule and from the comfort of your home. Since not everyone has the time to meet with potential buyers, have their engagement rings evaluated and priced in-person, selling online is the perfect option. Below are the most popular methods for selling your engagement ring online:

Where to Sell an Engagement Ring

Private Ads: Thanks to websites like Facebook, eBay and Craigslist, you can quickly make a private ad for your engagement ring. With your own ad you get to set your price and sell directly to the engagement ring’s future buyer. However, without a rich understanding of the second-hand diamond market, pricing your ring will prove to be difficult. Also, not all buyers will feel comfortable buying an expensive item from an unfamiliar seller, especially if you do not have a history of selling high value items. There is no guarantee when or if you ring will sell, so this is not a fast and hassle free option. And finally, but most importantly, you always need to be cautious of potential scammers when selling to an individual online.

WP Diamonds: Sell your engagement ring in as little as 24 hours with WP Diamonds’ safe and convenient online selling service. As an A+ BBB buyer, we provide strong prices and an easy way to sell. Our free process is made up of 5 simple steps:

  1. Complete our online form with information about your engagement ring and our experts will promptly contact you with a price quote.
  1. To receive a final offer, we provide free and fully insured overnight shipping. You can track your package every step of the way.
  1. When your engagement ring arrives at our office, we will notify you of its safe arrival and the ring will be opened on camera. Our gemologists will then examine your ring and assess its value in accordance with the second-hand luxury market.
  1. We will contact you with a final price for your engagement ring and thorough explanation of how we came to that price. The final price you hear is exactly how much we will pay you. With WP Diamonds there are never any commissions or hidden fees that will deduct from your offer.
  1. You can accept payment for the engagement ring by wire or check. There is no obligation to sell and should you not accept the offer, we return your engagement ring to you for free with the same secure mailing service.

Whether you prefer to sell your engagement ring in-person or online, WP Diamonds is your best choice thanks to our convenient, secure and professional service where you will always receive competitive and honest offers. Read our customer reviews here.

Now that you know where to sell an engagement ring, click the button below to see just how much you can get paid for your ring.

GET YOUR OFFER
Author
Bio: Written by one of our diamond, designer jewelry or luxury watch experts. With over 150 years of combined experience, our experts are able to comment on trends, share industry knowledge and provide diamond, designer jewelry and luxury watch education.

What To Do Next

Related Articles
IMAGE

Have you ever asked yourself, “how much is my engagement ring worth”? Unless you are a diamond expert who actively analyzes the second-hand market, this is not an easy question to answer. While you and your...


IMAGE

Who doesn’t dream about their perfect engagement ring? With all of the different gemstones, settings and styles available, ranging from the classic to the avant-garde, finding your ideal engagement ring can f...


IMAGE

If you have been searching for your dream engagement ring or are thinking about upgrading your current ring, we have amassed a list of the top 5 most popular engagement rings to inspire you. Engagement rings ar...



We guarantee the safety, security, and privacy of your valuables

We're Proudly Accredited By

Better Business Bureau Logo
  • NPA Logo
  • JVC Logo
  • Better Business Bureau Logo
  • Jewelers Board of Trade Logo
  • NAJ Logo